The UK Coal scheme is in danger of falling into the Pension Protection Fund as its sponsoring employer is seeking a voluntary liquidation, according to reports.
UK Coal Operations, is seeking an agreement with creditors after a fire led to the closure of Daw Mill Colliery, one of the three deep mines it operated, earlier this year, according to the Financial Times....
Jo Myerson looks what trustees should be considering if their sponsor decides to temporarily shut its doors.
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.